Medical exp.
This query is : Resolved
25 February 2011
Hi,
I have not submitted medical bills with my organisation for medical reimbursement for FY year 2010-11 & my annual taxable salary is 140000.
I am about to receive 15000 as medical amount at the close of financial year.
Kindly advise whether this amount would be taxable or not?
I have not submitted medical bills with my organisation for medical reimbursement for FY year 2010-11 & my annual taxable salary is 140000.
I am about to receive 15000 as medical amount at the close of financial year.
Kindly advise whether this amount would be taxable or not?
CMA Ramesh Krishnan
(Expert)
25 February 2011
Since your taxable salary Rs. 140000 in addition to Rs. 15000 add it is coming Rs. 165000. so it is below the taxable limit so tax liability will not arise
Note: Assumed you are not having any other incomes
Note: Assumed you are not having any other incomes
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